Wabtec Offering Additional GE Shares

Wabtec Corp. recently filed a 20,485,156 share offering of GE, and expects to grant the underwriters a 30-day option to purchase up to an additional 2,048,515 shares. Wabtec said it will not receive any proceeds from the sale of the shares in the offering.

GE plants women STEM seeds

GE on Feb. 13 announced goals of having 20,000 women fill STEM (Science, Technology, Engineering and Math) roles by 2020 and obtaining 50:50 representation in all the company’s technical entry-level programs.

Engines of change

State-of-the-art locomotives stand ready to make their mark on what is ideally a power-hungry industry. Problem is, with traffic down, the railroads aren’t so hungry for new power.

Rail figures big in GE’s Russian market endeavors

A strategic business plan signed by General Electric and Russian locomotive and car builder Transmashholding for a diesel powerplant joint venture is an important component of a plan for GE to invest $1 billion in Russia’s oil and gas, power and transportation industries by 2020.

GE’s new axle tester offers improved inspection quality, performance

GE Measurement & Control on Nov. 17, 2015 introduced the Compact Hollow Axle Tester (CHAT), combining hollow-axle inspection mechanics and ultrasonic angle-beam probes with GE’s high-quality ultrasonic instrumentation. For organizations with hollow axle inspection requirements, CHAT significantly increases productivity and drives improvements in quality and traceability, the company said.

GE to supply 1,000 locomotives to Indian Railways

GE Transportation announced Nov. 9, 2015 that it received a Letter of Award from India’s Ministry of Railways for a locomotive supply and maintenance contract worth approximately $2.6 billion over 11 years to supply Indian Railways with 1,000 diesel-electric locomotives. “The deal advances the ‘Make in India’ initiative and reinforces India’s position as a global manufacturing destination,” GE said.